UPDATE ON USD/CAD!
So prices are still approaching the 1.32000 Region as expected
HOWEVER.
I am also expecting a change in trend near this region, towards the downside target of 1.27000/1.24000.
Having said this, prices could violate our resistance region at 1.32000 and penetrate through to achieve highs of 1.34000 however I don't believe that this is probable. I see it more as a potentiality rather than a probability.
Let's wait and see, I'll hopefully update you guys with a nice juicy short by next week on this trade.
HOWEVER.
I am also expecting a change in trend near this region, towards the downside target of 1.27000/1.24000.
Having said this, prices could violate our resistance region at 1.32000 and penetrate through to achieve highs of 1.34000 however I don't believe that this is probable. I see it more as a potentiality rather than a probability.
Let's wait and see, I'll hopefully update you guys with a nice juicy short by next week on this trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.